Funds from unknown sources equals:
A)Assets − liabilities.
B)Net worth increase + living expenses.
C)Income − funds from known sources.
D)Net worth −prior year's net worth.

Question

Quizplus · Accepted Answer

Funds from unknown sources refers to money that cannot be explained by a known and documented source of income. Therefore, it is calculated by subtracting the funds from known sources from the total income, making option C the correct answer. Option A refers to the formula for calculating net worth, option B does not accurately represent the calculation of funds from unknown sources, and option D refers to the change in net worth rather than the calculation of funds from unknown sources.

Funds from Unknown Sources Equals